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2� 1 ��839�
<br /> be under�aken promp��y.�ender may disburs�proceeds for the repa�rs and restora.ti.on xn.a sin�le payznen�or xn a series of
<br /> pr�gress payments as�he work i.s campleted.-C�'nless ar�agr��men�xs made 7n writing or App�icable Law�r�quires�nterest
<br /> �a be paid on such ua.suxan�e procee�.s,Lender shal�.no�b�r�quired t�pay Borrov�er an��n�erest or earnings on suGh
<br /> proceeds.Fees for pu�bl�c ad�us��rs,or o�her�hzrd par�i.es,reta.ined by Borrower sha.l.l.not be paid ou�of the insurance
<br /> praceeds and s�.al�be�he sole obxYga�ion of Borrower,�f�ie resfara�on or repazr xs na�econamically�easzbXe or Lender's
<br /> securz�y woul.d be lessened,�he insurance proaeeds shall.�e applied to�he sums secured by f�.xs Secur�ty Znstruxnent,
<br /> whe�her or x�ot�hen due,v��th.the excess,zf any,paid�❑Borrawer.S�ch insurance praceeds sha.��be appl.xed in f�i�order
<br /> provxded for xn Sectxon 2.
<br /> Z�Borrawer abandans�he Propex�ya Lender may fx�e,ne�o�za�e and set�le any'ava�.l.abl.e insurance c�.a�.m and reXafec�
<br /> matters.�f B�rrower does no�respnnd wxth�n 3�days�o a no�zce from Lender tha�the insurance cami.er has ofFered to
<br /> set��.e a cxaim,then r.ender may nega�iate and set�Xe fhe cXaim.'The 3�-day peri.o�.wi�.�begz.n vvhen the notice is g�ven.Zn
<br /> ez�her event, ar�f Lender acquxres fhe Proper�u�ader Section 22 or o�ierwise,Borrower h�reby assigr�.s�to �.ender
<br /> �a}Borrower's righfs�o any znsurance praceeds xn an amflun�no�to exceed�he amoun�s unpai.d under the Na�e or this
<br /> 5 ecurifiy Znsfrumen�,and�b}any o�her of L orrawer's righ�s�other t�ian the rz.gh��o any refund of unearn.ed premiums p�.�d
<br /> by B�rr�wer�under a1�.ix�surance p�l.xcies coveri.n.g�he Prop�r�y,xnsofar as such ri�hts axe appXxcable to the coverage af
<br /> �he Proper�y.Lender may use the insur�zce proceeds ex�.her�o r�pa.�r or res�ore the�'roperty�r�o pa��maunf.s un�a�d
<br /> under�he No�e or�hxs Security�nstrumen�,whe�h.er or not�hen due.
<br /> �.�ccupancy.Borrovver s�aa��occupy,estabXish,and use�he Praper�y as Bar�wer's prir�.czpal res�dence wzfhzn 5�
<br /> days after�he�xecutian o�f.h�.s Security�nstrument and shall cant.ixaue�o occupy�he Propezty a�Borrower's pzzn.cxpal
<br /> residen�e for a�1eas�one year after the d.a.�e of occupan�y,unless Lender o�a.erwxse agrees in writing,vvhzch consen�sha��
<br /> nQ�be unreas�nab�y wzfhhe��.,or unless e�tenuating czrcums�ances e�is�whi��.are beyond�orrow�r's control,
<br /> 7.�reservation,N�aintenance and�'r�te�t%on flf the�'r�pex~ty;Inspec�.ons.Borrawer shall not destroy,damage
<br /> or impair�he Proper�,allow f.h�Property to de�eri.ora�e ar c�mmit wa.��e on�he�'ropez-�y.Whe�her or not Z3arrower i.s
<br /> res�.�xng in��ie Pra�erty,�arraw'er shaxl.mainta.in th.e Propezfiy in ord�r fo preven��he Proper�y from de�erzora�n�ar
<br /> decreasing in value due to Yts candxtion,Unless i�i.�de�erm�nec�pursuant�❑ Section S�ha�repax.r or res�aration is not
<br /> econamical�y feasx�ble,Borrov�er sha��.pramp�Xy repaYr�he Proper�y z�damaged t�a�raid fur�her defer�ora�.on or damage.
<br /> Yf insurance or c�nc�emnatzon proceeds are paxd�.n�oxan.ec�.on with damage fo,or fhe�a.king of,the proper�y,Borro�vver
<br /> sha1l be�r�sponsible�or repairi.ng or r�s�ox�ng��e Proper�y anly zf Lender has re�eased praceeds far such purposes.Lender
<br /> may d�s�urse pro�eeds for�he repairs and res�aration in a s�.n.g�e paymen�or in a serzes of�rogre�s paymen�s as the work
<br /> �s comple�ed.Zf�he�.zlsurance or Condennna�z�n proc�eds are no�su.�cient to repair or res�ore the�'raperty,Barrower xs
<br /> no�relieved of Barro,wer's o]��.zgatzon for��e�amp�.etaon af such repair ar res�orai�an.
<br /> �►enc�er❑r its a.�en�may make rea�onab�e entrzes upan and insp�ct�ons of the�'rapex�y,Zf x�has reasonable cause,
<br /> Lend�r m�.y ixa.spect�h.e in�erzar of�ie xmprovemen�s on�he Property.Lender shalY grv��orrower noti�e a��he time af or
<br /> priar t�such an i.n�erior uaspection specxfying such reasonabl.e cause.
<br /> 8.�orro�er's�aan Applica�i.an.Borrnwer sha7.I be in defau�t�f,c�uring�he Loa�appl�ca��on pracess,�arro�wer ar
<br /> any persons or en�xties acting a�the d.i.rec�ian of�orraw�r or wx�h Borrower'�know�edge flr cansent gave ma�eria�Iy
<br /> false, mis�eading, or Ynaccurafe i.nfQrmation or sta�emen�s ta L�nder �or fai.�ed to provxde Lend�r wi�h materia.�
<br /> ixiforma�i.on} in connectian wzfh�he Loan. Ma��rzal �represen�a�ions incJ.ude, bu� are not IYrni�ec��a, re�resenta.tions
<br /> concernin.g Borrower's occupancy of�he Proper�y as Barrower's pnncipaJ.resxdence.
<br /> 9.pratect�.on of�ender's Interesf i.�n fhe 1'roperty and�ti.ghfs Under th%s Security Instrument.�f�a�Barro�ver
<br /> fai�s�o p�rform�h�cavenants and agreem.en�s con�ained in this Security Znstrum�n�,�b��here is a IegaX praceeding that
<br /> m�g�i� signzfzcan�ly a�'ect r.ender's interes�i.x�.�he pro�ez-ty andlor rights under this 5ecurity Zn�trumen� �such as a �
<br /> proceeding in�an�.aup�cy,probate,for candemnation or farfex�ure,for enforcem.ent of a 1.�.en whxch may at�ain priority
<br /> over�his 5ecuxzty�nstrumenf or�o enforce Iaws or regu�.a�ans},or�c�Borrower has abandanec��he Praperty,then X.►ender
<br /> may do and pa�for w�iafever xs reasonabXe or appropriafe to pro�ec�Lender's in�eres�in f.he Proper�and rights under this
<br /> �EgRAS}:A-Single Family Fannie Mae�Freddie Mac UNIF�RM INSTRUNIENT Form 3�28 �10�
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<br /> ��s,Enc.-��s�� Bor�ower{s}�ni�ials
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